| Club Accounts 12:42 - Feb 17 with 14701 views | wombat |
Due out oin the next few days i belive |  |
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| Club Accounts on 08:35 - Feb 18 with 1985 views | daveB |
| Club Accounts on 08:27 - Feb 18 by GaryBannister86 |
But that's what makes me laugh. The only players we seem able to sell are solid, unspectacular players like Field, Dieng, Dickie, Dykes - who can command a certain level of fee but that's about it. So we don't make much money and they are actually players you need in a squad to make progress up the league.
What you really need for this model to work, an Eze once in a generation aside, is some striker who isn't THAT great but scores 6 in 4 or something and you flog 'em for a vastly overpriced sum. I guess Kelman was a mini version of that.
And I suppose the Burrell plan would have been perfect if we could keep him on the pitch. |
The only players sold so far are ones from the previous regime. Dykes, Armstrong and Kelman with Field next in line |  | | |
| Club Accounts on 08:41 - Feb 18 with 1932 views | EastR |
| Club Accounts on 08:02 - Feb 18 by stevec |
Not pretty.
Over the last two years we’ve accumulated £35m losses, so if FFP is still set at £39m over a rolling three year period we’ve got about £4m of losses to play with this season!
It’s not necessarily that bad as once again, Eze comes to the rescue. Again, to what level, who knows, but let’s work with £9m, which gives us £13m this season. Add on any allowable expenses that don’t go under FFP, we maybe have £20m or thereabouts, for this season, so we maybe just touch the boundary yet again.
Obviously there’s two glaring issues, one, we aren’t being very successful with this buy to sell malarkey, and ask any businessman if a 98% ratio of wages to gross turnover is a sign of a business being ran well and he’ll laugh you out of town. |
As you've highlighted it's a rolling 3 years, not 2.
Before any FFP allowables (we don't know the exact figures for those) the losses were
24-25 £20m
23-24 £13.5m
22-23 £20.3m
Shame that CEO question time is not this week |  |
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| Club Accounts on 08:46 - Feb 18 with 1891 views | JamesB1979 |
Wage increase is disappointing. I think a few on here said that would be the case. I guess that it’s partly the increased 2nd year for Cook, Anderson, Frey. Looks like extra £60k per week of wages. I guess key point will be whether Paal, Colback, Anderson, Frey, Fox were on more than the average.
The “post balance sheet” suggests that we paid out £1.5m before Edwards deal. So with Edwards it’s £6m outflow and this includes the Eze money. That said for FFP, it will look a bit better I guess as spread over a few years.
We did save 400k on wages for 1st team manager, CEO costs! | | | |
| Club Accounts on 08:47 - Feb 18 with 1880 views | mart_Goblin |
| Club Accounts on 08:41 - Feb 18 by EastR |
As you've highlighted it's a rolling 3 years, not 2.
Before any FFP allowables (we don't know the exact figures for those) the losses were
24-25 £20m
23-24 £13.5m
22-23 £20.3m
Shame that CEO question time is not this week |
Now you know why it was done last week |  | | |
| Club Accounts on 08:51 - Feb 18 with 1847 views | BristolR |
| Club Accounts on 08:41 - Feb 18 by EastR |
As you've highlighted it's a rolling 3 years, not 2.
Before any FFP allowables (we don't know the exact figures for those) the losses were
24-25 £20m
23-24 £13.5m
22-23 £20.3m
Shame that CEO question time is not this week |
On your final point I rather suspect there was a reason for that |  | | |
| Club Accounts on 08:53 - Feb 18 with 1821 views | stevec |
| Club Accounts on 08:41 - Feb 18 by EastR |
As you've highlighted it's a rolling 3 years, not 2.
Before any FFP allowables (we don't know the exact figures for those) the losses were
24-25 £20m
23-24 £13.5m
22-23 £20.3m
Shame that CEO question time is not this week |
Heh heh, he planned that well.
Wasn’t sure on the 22/23 losses, guess that £54m loss might come down by £10m say, for FFP allowables.
That’ll be interesting, for a while I think there may have been a relaxation on the FFP boundaries, we’ll find out now.
Incidentally, I thought successive governments were trying to get an arrangement between the Premier and the EFL on financing,is that still alive? |  | | |
| Club Accounts on 08:54 - Feb 18 with 1817 views | Northernr |
| Club Accounts on 08:41 - Feb 18 by EastR |
As you've highlighted it's a rolling 3 years, not 2.
Before any FFP allowables (we don't know the exact figures for those) the losses were
24-25 £20m
23-24 £13.5m
22-23 £20.3m
Shame that CEO question time is not this week |
Yeh now you know why. 
Can we still rotate the ground round 90 degrees? |  | | |
| Club Accounts on 08:54 - Feb 18 with 1813 views | JamesB1979 |
| Club Accounts on 08:41 - Feb 18 by EastR |
As you've highlighted it's a rolling 3 years, not 2.
Before any FFP allowables (we don't know the exact figures for those) the losses were
24-25 £20m
23-24 £13.5m
22-23 £20.3m
Shame that CEO question time is not this week |
Well let’s look at prior years.
In 3 years before these accounts we lost £58m. We didn’t breach so we can assume that we have c£20m of allowable deductions over 3 year period. Very very high level numbers.
Loss allowable is 39m but will be 41.5m from this season onwards. | | | |
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| Club Accounts on 08:58 - Feb 18 with 1787 views | TheChef |
| Club Accounts on 08:13 - Feb 18 by daveB |
Looks like they need at least one maybe 2 big sales this summer
Wages spent £98 of every £100 of revenue is mad though and that has probably gone up as well with last summers signings and new contracts [Post edited 18 Feb 8:19]
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Summer fire sale then.
This way please, suckers.
Looking forward to next season already! Can Daniel Bennie score ten goals or more? |  |
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| Club Accounts on 09:10 - Feb 18 with 1673 views | slmrstid |
Interesting note that Mrs Reuben now has a charge over our training ground, being paid at 8% per annum.
Not unusual to have a big asset like that mortgaged but an interesting tidbit nonetheless.
Also notes that including the Eze sell on, our cash outflow for post year-end player trading is still an outflow, not an inflow. The accounting treatment won't work like that though so it will be interesting to see in 12 months time how it did play out. |  | | |
| Club Accounts on 09:14 - Feb 18 with 1646 views | BostonR |
Let’s not forget Ruben continues to bankroll us to the tune of £22M pa. Incredible support from him and he obviously trusts the CEO to deliver. I assume it will be difficult to turn down big bids for Kone Burrell, Madsen and Varane. |  | | |
| Club Accounts on 09:22 - Feb 18 with 1582 views | dmm |
Any chance that Nourry will make a comment on the accounts? No, thought not. |  | | |
| Club Accounts on 09:34 - Feb 18 with 1516 views | wombat |
| Club Accounts on 09:14 - Feb 18 by BostonR |
Let’s not forget Ruben continues to bankroll us to the tune of £22M pa. Incredible support from him and he obviously trusts the CEO to deliver. I assume it will be difficult to turn down big bids for Kone Burrell, Madsen and Varane. |
At this point he dosnt have an option not to trust the CEO though , hes two years in ,so far the plan to buy cheap and sell big hasnt happened ,
He has blown a wad on Celar which looks to be money down the drain,
hes also for some strange reason extended clark slaters contract by a rumourered extra four years.
next season id say we will be full on forget the league postion and try and show case certain players for max impact , issue with that will be good players in a. rubbish team dont bring that much cash in , as good players in a competitive team .
got to be very very thankful for ruben staying around as long as he has | |
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| Club Accounts on 09:36 - Feb 18 with 1496 views | stevec |
| Club Accounts on 09:14 - Feb 18 by BostonR |
Let’s not forget Ruben continues to bankroll us to the tune of £22M pa. Incredible support from him and he obviously trusts the CEO to deliver. I assume it will be difficult to turn down big bids for Kone Burrell, Madsen and Varane. |
Good point, he contributes three times as much as our entire support through the turnstiles. Just think about that.
I hope our incredibly well paid players take note and perhaps get their heads around showing him some return. | | | |
| Club Accounts on 09:41 - Feb 18 with 1471 views | TheChef |
| Club Accounts on 09:34 - Feb 18 by wombat |
At this point he dosnt have an option not to trust the CEO though , hes two years in ,so far the plan to buy cheap and sell big hasnt happened ,
He has blown a wad on Celar which looks to be money down the drain,
hes also for some strange reason extended clark slaters contract by a rumourered extra four years.
next season id say we will be full on forget the league postion and try and show case certain players for max impact , issue with that will be good players in a. rubbish team dont bring that much cash in , as good players in a competitive team .
got to be very very thankful for ruben staying around as long as he has |
Well if the business model is to develop and sell your best assets, who also happen to be injured, then a full and frank discussion with Bicycle Ben is required. Even if he is your bezzy mate. | |
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| Club Accounts on 09:47 - Feb 18 with 1435 views | Northernr |
| Club Accounts on 08:25 - Feb 18 by JamesB1979 |
Where’s the £10m. Isn’t it £6m gross and then £5m net, page 28. |
Page 31.
The net impact of post year player trading is a £1.5m loss. In 2024 it was £4.3m.
In addition, if all clauses in the respective deals are met there's an additional £2.4m loss, and £1.6m last season.
So that's your £10m.
It's difficult to tell from the way it's worded but that appears to include the Kelman sale and the Eze sell on clause (both mentioned), and doesn't include Ronnie Edwards (not mentioned) | | | |
| Club Accounts on 09:47 - Feb 18 with 1434 views | wombat |
| Club Accounts on 09:41 - Feb 18 by TheChef |
Well if the business model is to develop and sell your best assets, who also happen to be injured, then a full and frank discussion with Bicycle Ben is required. Even if he is your bezzy mate. |
Now the accts have landed i wonder what time the good news fluff pieces will be launched ?
interview chair how great it is to be back ?
interview with varanne now we can push onto the play offs, season isnt over ?
interview with clark slater ummmm ! | |
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| Club Accounts on 09:50 - Feb 18 with 1423 views | TheChef |
| Club Accounts on 09:47 - Feb 18 by wombat |
Now the accts have landed i wonder what time the good news fluff pieces will be launched ?
interview chair how great it is to be back ?
interview with varanne now we can push onto the play offs, season isnt over ?
interview with clark slater ummmm ! |
Surely none of them are fit enough to start at Hull.
Really hope I'm wrong, but I bet at least one of them will be injured again before the end of March. | |
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| Club Accounts on 09:52 - Feb 18 with 1405 views | Beckenhamhoop |
https://footballleagueworld.co
I’m not sure what Capology uses to estimate these wages or if it’s just random figures for clickbait. IF the figures are true its no wonder Kolli’s Dad is Mr Angry. [Post edited 18 Feb 9:54]
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| Club Accounts on 09:55 - Feb 18 with 1379 views | GaryBannister86 |
So am I right in saying, especially after the Saito splurge, that the Ronnie Edwards signing is one heck of a gamble? |  | | |
| Club Accounts on 10:02 - Feb 18 with 1322 views | JamesB1979 |
| Club Accounts on 09:47 - Feb 18 by Northernr |
Page 31.
The net impact of post year player trading is a £1.5m loss. In 2024 it was £4.3m.
In addition, if all clauses in the respective deals are met there's an additional £2.4m loss, and £1.6m last season.
So that's your £10m.
It's difficult to tell from the way it's worded but that appears to include the Kelman sale and the Eze sell on clause (both mentioned), and doesn't include Ronnie Edwards (not mentioned) |
Yes those numbers must include Eze and Kelman but not Edwards. But that’s £10m outflow for the transfers this year too. With Edwards that’s £14m. So Mbengue, Kone, Burrell, Saito, Poku also included. I’m not sure that’s too bad. The bigger concern is the wage bill increase.
I’m not actually sure we do need to make a profit from player sales this summer. But will wait for your podcast on this as he’ll (sorry forgot his name) is very good at breaking this down. | | | |
| Club Accounts on 10:03 - Feb 18 with 1311 views | wombat |
| Club Accounts on 09:50 - Feb 18 by TheChef |
Surely none of them are fit enough to start at Hull.
Really hope I'm wrong, but I bet at least one of them will be injured again before the end of March. |
its the rangers way , In times of trouble chuck out some fluff media pieces .
Anything to deflect from the actual topic for a few days ,
id be supprised if madson starts ,his ankle looked knackered sat when he hobbled off.
chair will be on the bench brought on around the 60th minute when 2 down .
weathers looking nippy so cant see them risking clark salter sitting on the bench for 90 mins .
he will drop cook for edwards on sat though | |
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| Club Accounts on 10:17 - Feb 18 with 1219 views | Rsole |
| Club Accounts on 09:36 - Feb 18 by stevec |
Good point, he contributes three times as much as our entire support through the turnstiles. Just think about that.
I hope our incredibly well paid players take note and perhaps get their heads around showing him some return. |
Let’s hope his regular seat is more substantial than Clive’s. |  |
| Those possessed by devils, try and keep them under control a bit, can't you ?
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| Club Accounts on 10:20 - Feb 18 with 1200 views | EastR |
| Club Accounts on 09:47 - Feb 18 by Northernr |
Page 31.
The net impact of post year player trading is a £1.5m loss. In 2024 it was £4.3m.
In addition, if all clauses in the respective deals are met there's an additional £2.4m loss, and £1.6m last season.
So that's your £10m.
It's difficult to tell from the way it's worded but that appears to include the Kelman sale and the Eze sell on clause (both mentioned), and doesn't include Ronnie Edwards (not mentioned) |
The £10m figure comes from note 9 in the accounts, Intangible Assets (Player registrations). The additions (signings) figure there is £10.039m.
These will be your Madsen, Celar, Varane, Esquerdinha, Bennie, Morrison.
Note 23 (P31) is all about what’s happened subsequent to these accounts, and what the impact of those transactions will be in the next set of accounts.
Ins: Poku, Mbengue, Burrell, Kone, Saito, Hayden, Adamson, Smith, Pearman, Dembele (from loan to permanent)
Out: Kelman. The rest of them all contracts expired.
Sell on: Eze.
All of those netting out to a cost of £1.498m. Eze money gone, plus a bit.
There’s no mention of Edwards because that happened in January after the accounts were signed off in December. | |
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| Club Accounts on 10:42 - Feb 18 with 1117 views | JamesB1979 |
| Club Accounts on 10:20 - Feb 18 by EastR |
The £10m figure comes from note 9 in the accounts, Intangible Assets (Player registrations). The additions (signings) figure there is £10.039m.
These will be your Madsen, Celar, Varane, Esquerdinha, Bennie, Morrison.
Note 23 (P31) is all about what’s happened subsequent to these accounts, and what the impact of those transactions will be in the next set of accounts.
Ins: Poku, Mbengue, Burrell, Kone, Saito, Hayden, Adamson, Smith, Pearman, Dembele (from loan to permanent)
Out: Kelman. The rest of them all contracts expired.
Sell on: Eze.
All of those netting out to a cost of £1.498m. Eze money gone, plus a bit.
There’s no mention of Edwards because that happened in January after the accounts were signed off in December. |
Ah yes, that’s where the £10m comes from. But doesn’t tie to the cash paid (6m) in the accounts. So must include deferred, maybe contingent part? | | | |
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